China's renowned lithium battery manufacturer, Gotion High-tech Co., Ltd. (hereinafter referred to as "Gotion High-tech"), announced two major overseas investment plans on the evening of December 12. The company is expected to invest in the construction of lithium battery factories with an annual capacity of 20 GWh and related supporting projects in Slovakia and Morocco, with a total investment equivalent to approximately 19.1 billion yuan. Specifically, the Slovakia project involves the construction of high-performance lithium batteries and supporting facilities with an annual capacity of 20 GWh, with a total investment not exceeding 1.234 billion euros (approximately 9.421 billion yuan). The Morocco project involves the construction of high-performance lithium batteries and supporting facilities with an annual capacity of 20 GWh, with a total investment not exceeding 1.28 billion euros (approximately 9.772 billion yuan).
The Slovakia project is located in the city of Suľany, with a construction period expected to be no more than three years and a total investment not exceeding 1.234 billion euros (approximately 9.421 billion yuan). The factory will cover an area of 65 hectares, with an initial battery capacity of 20 GWh and the potential to expand to 40 GWh. It is expected to be put into operation in Q2 2026, commence full-scale production in 2027, and achieve full capacity production by June of the same year, with all products exported to the EU market. The factory is expected to create over 1,300 local jobs. The project will be invested and operated by GIB (Gotion InoBat Batteries), a subsidiary of Gotion High-tech. GIB is a joint venture established by Gotion High-tech and Slovak battery manufacturer InoBat. It is reported that the Slovak government has officially approved national financial support totaling 214 million euros for GIB.
The Morocco project is expected to have a construction period of no more than five years, with a total investment not exceeding 1.28 billion euros (approximately 9.772 billion yuan). Gotion High-tech signed a memorandum of understanding with Morocco's CDG Group on November 13, under which CDG Group plans to support the first phase of Gotion's Morocco project with an investment portfolio of 300 million euros. The investment project in Morocco will be implemented by Gotion Power Morocco S.A., a local subsidiary established on July 12, 2024.
These two overseas investment projects by Gotion High-tech not only demonstrate the company's strong confidence in the development prospects of the global new energy industry but also reflect its determination to deepen its global strategic layout, promote overseas business development, and meet the demands of international markets. As of October this year, Gotion High-tech has built four battery pack assembly plants in Germany, Indonesia, Thailand, and Silicon Valley in the US, while its battery cell factory in Vietnam is expected to be put into operation within the year. Additionally, Gotion High-tech plans to establish another battery factory and a battery materials factory in the US. With this calculation, the number of overseas battery factories built or announced by Gotion High-tech exceeds eight.
At the beginning of the year, Gotion High-tech's International Operations Director, Haonian Wu, revealed that by 2030, Gotion High-tech aims to achieve a capacity scale of 300 GWh domestically and 300 GWh overseas, with a total battery capacity scale reaching 600 GWh. The realization of this ambitious goal will enable Gotion High-tech to occupy a more significant position in the global lithium battery market and provide global customers with more stable and high-quality battery products.
